Riot Platforms | ForkLog

ForkLog 37 24.07.2024

Riot Platforms Acquires Block Mining for $92.5 Million

American firm Riot Platforms has announced the acquisition of Kentucky-based mining company Block Mining for a total of $92.5 million. Riot Announces the Acquisition of Block Mining – Expands Riot’s Total Potential Power Capacity To 2 Gigawatts. — Acquisition adds 60 Megawatts (“MW”) of current operational capacity with the potential to quickly expand to 110 […]

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ForkLog 11 14.07.2024

Bitcoin Mining Recovery Eludes Miners in June

In early July, mining companies reported their performance for the previous month. ForkLog compiled the key figures in one article. Marathon Digital Holdings In June, Marathon Digital Holdings produced 590 BTC — a 40% decrease compared to the same period last year. Compared to May, the figure dropped by 4%. Data: Marathon Digital Holdings. According […]

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ForkLog 10 25.06.2024

Riot Nominates Independent Directors to Bitfarms Board Amid Hostile Takeover Bid

The mining firm Riot Platforms has called for a special meeting of Bitfarms shareholders to re-elect the board of directors as part of a hostile takeover campaign. Shareholders of the target company will be asked to vote on the removal of Chairman and Acting CEO Andres Finkelshtain. The agenda also includes the exclusion of any […]

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ForkLog 20 16.06.2024

Bitcoin Mining Output Declines in May, Report Miners

In early June, mining companies reported their performance results for the previous month. ForkLog has compiled the key figures in one article. Marathon Digital Holdings In May, Marathon Digital Holdings produced 616 BTC — a 51% decrease compared to the same period last year. Compared to April, the figure dropped by 27%. Data: Marathon Digital […]

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ForkLog 8 14.06.2024

Riot Platforms Expands Stake in Bitfarms to 14%

The mining firm Riot Platforms has increased its holdings in rival Bitfarms to 57.62 million shares (14%). Over the course of a week, the company allocated $3.87 million to acquire 1.43 million securities. These actions reflect Riot’s ambitions to execute a hostile takeover of Bitfarms. On May 29, it was revealed that the company had […]

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ForkLog 9 10.06.2024

Bitfarms Adopts ‘Poison Pill’ to Thwart Riot Platforms Takeover

The board of directors of the mining company Bitfarms has adopted a shareholder rights plan following a purchase proposal from competitor Riot Platforms. This initiative, commonly referred to as a “poison pill,” aims to protect the interests of security holders by preventing any potential hostile takeover attempts. On May 29, it was revealed that Riot […]

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ForkLog 22 07.06.2024

Riot Expands Stake in Rival as Core Scientific Rejects $1 Billion Acquisition

Analysts anticipated a wave of consolidations in the mining industry following the halving. Recent activities by major players in the sector have confirmed these forecasts. Core Scientific Rejects $1 Billion Offer from CoreWeave Mining firm Core Scientific rejected a non-binding proposal from AI company CoreWeave to acquire all outstanding shares at $5.75 each, totaling approximately […]

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ForkLog 17 29.05.2024

Riot Platforms Offers $950 Million Acquisition of Bitfarms

Mining firm Riot Platforms has proposed to the board of directors of rival Bitfarms an offer to purchase all publicly traded shares at a price of $2.30 each. Riot Proposes to Acquire Bitfarms for US$2.30 Per Share to Create the World’s Largest Publicly Listed Bitcoin Miner. Read the full press release here: https://t.co/SnBijrL3i7 For disclaimers, […]

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ForkLog 27 12.05.2024

Bitcoin Mining Output Declines in April, Say Miners

In early May, mining companies reported their performance for the previous month. ForkLog compiled the key metrics in one article. Marathon Digital Holdings In April, Marathon Digital Holdings produced 850 BTC — a 21% increase from the same period last year. However, compared to March, the figure decreased by 5%. Data: Marathon Digital Holdings. According […]

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ForkLog 18 07.04.2024

Bitcoin Miners Ramp Up Production Ahead of Halving

In early April, mining companies reported their performance results for the previous month. ForkLog has compiled the key figures in one report. Marathon Digital Holdings In March, Marathon Digital Holdings produced 894 BTC—an increase of 7% compared to the previous month. Data: Marathon Digital Holdings. According to the press release, the hash rate fell by […]

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ForkLog 33 06.03.2024

Bitcoin Mining Output Declines in February

In early March, mining companies reported their performance for the previous month. ForkLog compiled the key figures in one article. Marathon Digital Holdings In February, Marathon Digital Holdings produced 833 BTC — a 23% decrease from the previous month. Data: Marathon Digital Holdings. According to the press release, the hash rate increased by 9% to […]

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ForkLog 16 26.02.2024

Chip Shortage Poses Business Risk for Riot Platforms

The ongoing chip shortage and the need to increase hash rate could negatively impact the financial condition of Riot Platforms, according to the mining company’s annual report. Riot Platforms Reports Full Year 2023 Financial Results, Current Operational and Financial Highlights. $280.7 Million in Total Revenue, 6,626 Bitcoin Produced, and Record Hash Rate Capacity of 12.4 […]

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